Jan. 30 at 7:14 AM
$ECC North Ground Capital bought a new stake of 633,333 shares of Eagle Point Credit (NYSE: ECC) in Q3, spending about
$4.19 million; the position equals roughly 2.6% of the fund’s portfolio and represented ~0.82% ownership of ECC at filing, making it the fund’s 17th largest holding.
Eagle Point declared a monthly dividend of
$0.14 per share (ex-dividend and record date: March 11, payable March 31), implying a 29.2% yield while showing an unusually high payout ratio of 884.21%.
Analysts give ECC a consensus rating of "Moderate Buy" with a
$7.46 target; shares trade near
$5.75 (market cap ~
$726M), suggesting potential upside from current levels amid mixed analyst notes and recent price-target cuts.
